[Form 4] NextTrip, Inc. Insider Trading Activity

Rhea-AI Filing Summary

NextTrip, Inc. (NTRP) director David Jiang reported acquiring 127,186 shares of common stock at $1.96 on November 4, 2025. Following the transaction, he beneficially owns 862,216 shares, held directly. The acquisition is noted with transaction code J(1) and reflects a transfer under an February 24, 2025 Assignment Agreement with Travel and Media Tech, LLC after milestone conditions were met, in exchange for Jiang’s investment to fund an acquisition made by the issuer.

Insights

Corporate governance analyst

Routine insider acquisition via agreement; neutral governance signal.

David Jiang, a director of NextTrip (NTRP), reported acquiring 127,186 common shares at $1.96 on November 4, 2025, raising his direct beneficial ownership to 862,216 shares. The transaction is coded J(1), indicating an “other” category with a footnoted explanation.

The filing states the shares were transferred under an Assignment Agreement dated February 24, 2025 with Travel and Media Tech, LLC after milestone conditions were met, in exchange for the reporting person’s investment to fund an issuer acquisition. This ties the share transfer to a prior funding arrangement.

As a Form 4 event, this is administrative and does not itself alter company operations. Any impact depends on insider holdings and prior agreements; the filing provides the mechanics, not performance implications.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Jiang David T

(Last) (First) (Middle)

3900 PASEO DEL SOL

(Street)

SANTA FE NM 87507

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NextTrip, Inc. [ NTRP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/04/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common stock	11/04/2025		J(1)		127,186	A	$1.96	862,216	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The shares of common stock were acquired pursuant to the terms of an Assignment Agreement dated February24, 2025, pursuant to which Travel and Media Tech, LLC agreed to transfer the shares to the reporting person upon the satisfaction of certain milestone achievements and other conditions met and in exchange for the investment by the reporting person for funding an acquisition made by the issuer.

	/s/ David Jiang	11/07/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Who filed the Form 4 for NextTrip (NTRP)?

Director David Jiang filed the report and signed it on November 7, 2025.

How many NextTrip (NTRP) shares were acquired and at what price?

He acquired 127,186 common shares at a price of $1.96 per share.

What is David Jiang’s beneficial ownership after the transaction?

Following the transaction, he beneficially owns 862,216 shares, held directly.

What was the transaction code used in the Form 4?

The transaction was reported under code J(1), with a footnote explaining the nature of the transfer.

What agreement governed the share transfer?

An Assignment Agreement dated February 24, 2025 with Travel and Media Tech, LLC governed the transfer after milestones were met.

What consideration was described for the share transfer?

The shares were transferred in exchange for the reporting person’s investment to fund an acquisition made by the issuer.